The Federal "Reserve"

Banks are running out of money!
The Federal Reserve yesterday made available another two hundred billion
($200,000,000,000.00)dollars that banks can borrow at a very low interest rate. Of course they can then loan that money at twice the rate they pay, plus 3.75%!
It is expected that this amount will continue to increase as long as is necessary, or the "reserve" runs out of money!
The question is, should we be doing this to bail out the banks and stop the stock market from plummeting, or should we let the "market" determine what happens?

All republicans that I know will be in favor of these loans to the banks. It will protect their stock values and the banks.

What I don't understand is how do they justify Franklin Roosevelt's system of saving the banks to save the stock market, when it is certainly government interference into our economy!

Anyway, does anyone know who will pay for this bail-out? If money is released in large sums at below market interest, someone is going to lose money!

Shouldn't that someone be the banks and not me?

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You're going to pay Sage
Submitted by Margot on Sat, 03/08/2008 - 10:09am.

You, me and everyone who owns dollars. The Fed doesn’t have $200 Billion, they’re just pulling paper out of thin air. It just a computer entry credit to the banks. More money in circulation means less value to the money in your pocket. The dollar recently hit a historical low of 73.50 on the world market. The US monetary system is collapsing. More mythical money means higher prices. Buy gold and silver to conserve the value of your money. Watch for price controls which will cause shortages and higher prices and a devaluation of the dollar. We’re headed down the drain and our government representatives don’t have a clue. Since when could anyone spend themselves out of debt?

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